Jeffrey Sachs

AAA

DEFINITION of 'Jeffrey Sachs'

An American economist who is director of the Earth Institute. He is also a professor of sustainable development and of health policy and management at Columbia University. His work centers on economic development, poverty, globalization and global warming.

INVESTOPEDIA EXPLAINS 'Jeffrey Sachs'

Sachs is well known even outside of academia for his New York Times bestsellers, The End of Poverty and Common Wealth. Born in 1954 in Detroit, he earned his BA, MA and PhD from Harvard, where he also taught before joining Columbia. He has served as an advisor to the governments of many developing countries and has received numerous awards and honors. Time magazine named Sachs one of the most influential leaders in the world.

RELATED TERMS
  1. Keynesian Economics

    An economic theory of total spending in the economy and its effects ...
  2. Shock Therapy

    A sudden and dramatic change in national economic policy that ...
  3. Economist

    An expert who studies the relationship between a society's resources ...
  4. Globalization

    The tendency of investment funds and businesses to move beyond ...
  5. Macroeconomics

    The field of economics that studies the behavior of the aggregate ...
  6. Microeconomics

    The branch of economics that analyzes the market behavior of ...
Related Articles
  1. Globalization: Progress Or Profiteering?
    Economics

    Globalization: Progress Or Profiteering?

  2. Change The World One Investment At A ...
    Mutual Funds & ETFs

    Change The World One Investment At A ...

  3. The New World Of Emerging Market Currencies
    Forex Education

    The New World Of Emerging Market Currencies

  4. What Is An Emerging Market Economy?
    Economics

    What Is An Emerging Market Economy?

Hot Definitions
  1. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  2. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  3. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  4. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  5. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  6. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
Trading Center